Triple bottom with RSI divergence

Discussion in 'Technical Analysis' started by Pekelo, Mar 5, 2007.

  1. Pekelo


    On the 5 days charts for indeces, should be bullish...


    Edit: The ES just jumped 9 pts since I posted that...
  2. you could have had your 3rd bottom at any point after the first two where highlighted so why did you choose this one to draw in your divergence? Other points showed a higher low in the Rsi with a Bollinger penetration to the downside ...
  3. jtnet


    or RSI and BOLINGER BANDS are BS? and dont mean anything.
  4. I think this is a sell every rally until the market makes you pay for it type market.
  5. Pekelo


    Oh, the Bollinger had no effect here, I just didn't remove it. I hope you guys noticed that there was first a double bottom with RSI divergence at the 2nd underlining....
  6. Pekelo


    Here is yesterday's doublebottom on the weekly chart with the RSI divergence. Without the BB so easier to see:

    <a href="" target="_blank"><img src="" border="0" alt=/></a>
  7. Pekelo,

    Are you still trading with the Williams %R? Have you found this
    the best standard indicator available to traders? How have
    you found the Williams %R as it crosses the 50% level?